8-K 1 a10-20475_18k.htm 8-K

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

 

FORM 8-K

 

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): October 27, 2010

 


 

MANHATTAN BANCORP

(Exact name of registrant as specified in its charter)

 

California

 

333-140448

 

20-5344927

(State or other jurisdiction of
incorporation or organization)

 

(Commission File
Number)

 

(IRS Employer
Identification No.)

 

2141 Rosecrans Avenue, Suite 1160

El Segundo, California

 

90245

(Address of principal executive offices)

 

(Zip Code)

 

Registrant’s telephone number, including area code:  (310) 606-8000

 


 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

o    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240-13e-4(c))

 

 

 



 

Item 2.02               Results of Operations and Financial Condition

 

On November 1, 2010, Manhattan Bancorp (the “Company”) issued a press release in which it released its financial condition as of September 30, 2010.  Also announced were the results of operations for the third quarter ended September 30, 2010.  A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.  The information furnished pursuant to Item 2.02 and Exhibit 99.1 of this Current Report on Form 8-K shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liability of that section, nor shall it be deemed incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended (the “Securities Act”) or the Exchange Act, except as expressly stated by specific reference in such filing.

 

Item 5.02.                                          Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

On October 27, 2010, Deepak Kumar ceased serving as President and Chief Executive Officer of the Company and its wholly-owned subsidiary, Bank of Manhattan, N.A. (the “Bank”).  The Board of Directors of the Company and the Bank appointed Harry W. Chenoweth as interim Chief Executive Officer on October 27, 2010 while the Company and the Bank search for a permanent replacement.  Mr. Chenoweth, 69, has served on the Board of Directors of the Company since 2006 and the Bank since its organization in 2007.  Mr. Chenoweth has 32 years of direct commercial banking experience, most recently serving as interim Chief Executive Officer of the Company and the Bank from February 2010 to March 2010.  He served as Executive Vice President and Manger of the Southern California Banking Group of Imperial Bank from 1996 to his retirement from banking in 2001, and in various capacities with Union Bank of California from 1969 to 1996.  Mr. Chenoweth served as President and Chief Operating Officer of Barrister Executive Suites, LLC, a property management company offering full-service executive office space for short and long-term leases, from 2001 to 2004.  During his service as interim Chief Executive Officer of the Company and the Bank, Mr. Chenoweth will be paid $150 per hour.

 

Item 7.01.              Regulation FD Disclosure

 

On October 28, 2010, the Company issued a press release announcing the departure of Mr. Kumar as President and Chief Executive Officer, and the appointment of Mr. Chenoweth as interim Chief Executive Officer of the Company and the Bank.  A copy of the press release is furnished as Exhibit 99.2 to this Current Report on Form 8-K.  The information furnished pursuant to Item 7.01 and Exhibit 99.2 of this Current Report on Form 8-K shall not be deemed to be “filed” for purposes of Section 18 of the Exchange Act or otherwise subject to the liability of that section, nor shall it be deemed incorporated by reference into any registration statement or other document pursuant to the Securities Act or the Exchange Act, except as expressly stated by specific reference in such filing.

 

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Item 9.01.              Financial Statements and Exhibits.

 

(d)      Exhibits.

 

Exhibit No.

 

Description

99.1

 

Press Release dated November 1, 2010.

99.2

 

Press Release dated October 28, 2010.

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

MANHATTAN BANCORP

 

(Registrant)

 

 

 

 

November 2, 2010

By:

/s/ DEAN FLETCHER

 

 

Dean Fletcher

 

 

Executive Vice President
and Chief Financial Officer

 

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INDEX TO EXHIBITS

 

Exhibit No.

 

Description

 

 

 

99.1

 

Press Release dated November 1, 2010.

99.2

 

Press Release dated October 28, 2010.

 

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